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2h ago

Powell Hints at September Rate Cut as Stocks Rally and the Dow Sets a Record

Investors increased bets on a quarter‑point move next month, shifting attention to upcoming economic data for confirmation.

Image
Euforia en Wall Street frente a la posibilidad de un recorte de tasas en septiembre.
Los números de hoy 22 de agosto.
El corredor de bolsa Richard Cohen trabaja en el piso de remates de la Bolsa de Valores de Nueva York, el lunes 18 de agosto de 2025. (AP Foto/Richard Drew)

Overview

  • At Jackson Hole, Jerome Powell said the balance of risks has shifted and left open a 25‑basis‑point cut as soon as September without committing to a timetable.
  • The Dow Jones Industrial Average jumped 846 points, or 1.9%, to a record close, while the S&P 500 rose about 1.5% and the Nasdaq gained roughly 1.8%.
  • U.S. Treasury yields fell, with the 10‑year down to about 4.25% from 4.33%, and the dollar weakened to a one‑month low.
  • CME FedWatch showed market‑implied odds for a 25‑bp September cut climbing into the high‑80s to around 90 percent.
  • Risk assets broadly advanced, with small caps up 3.9% on the Russell 2000, Tesla up 6.2%, Intel up 5.5% after a Trump remark about a government stake, Bitcoin up ~4%, and gold higher by about 1%.